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deal with the debt ceiling? >> the fiscal cliff did not fix the debt. is this tax policy or fixing in debt and deficit? and but i was a big supporter to say we got it deal with debt and deficit. >> you voted against the fiscal cliff? >> we have three saying scram together by the senate and the presidency. the debt ceiling, and the sequestration also a continuing resolution. of three moments are a good moment to do with spending but they are very different. sequestration is we will cut spending $100 billion. >> what i asked is can we trust congress to do the right thing when it comes to the debt ceiling? seventy-seven% of the people say washington d.c. is hurting the nation. folks are on to the game how likely is you can solve the debt ceiling issue and also save money? >> that will complete the depend on everybody coming to the table. we have the senate that things one thing in the house that thinks something different to. and tell there on the same page it is tough. the senate has not passed a budget in four years? it makes it difficult to do a budget
deal with the debt ceiling? >> the fiscal cliff did not fix the debt. is this tax policy or fixing in debt and deficit? and but i was a big supporter to say we got it deal with debt and deficit. >> you voted against the fiscal cliff? >> we have three saying scram together by the senate and the presidency. the debt ceiling, and the sequestration also a continuing resolution. of three moments are a good moment to do with spending but they are very different. sequestration is we...
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i've got a problem with the debt ceiling. let me pick a guy who almost all sides agree is one of the foremost experts when it comes to the budget. >> rick, what do you think? jump in here. >> well, you know, carlton college, harvard, '73 and a to tip o'neill, a former lifer bureaucrat here. instead of someone like a jamie dimon, and i think steve is absolutely right. i don't think there's a human being on the planet who knows the current budget and its issues better than jack lew which is exactly the reason i would say he's absolutely not my first choice for the job or the fifth guy in line to be president should anything happen to the other four because i think he's going to have a parental relationship, so to speak, with the budget and its process in trying to change it, and i think that that paternal instinct is going to be defending it versus, you know, actually trying to make a difference. looking at the budget even though we technically haven't had one. we've had continuing resolutions. i think we need someone that will
i've got a problem with the debt ceiling. let me pick a guy who almost all sides agree is one of the foremost experts when it comes to the budget. >> rick, what do you think? jump in here. >> well, you know, carlton college, harvard, '73 and a to tip o'neill, a former lifer bureaucrat here. instead of someone like a jamie dimon, and i think steve is absolutely right. i don't think there's a human being on the planet who knows the current budget and its issues better than jack lew...
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they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they are tougher to negotiate the next time around. >> they always said it would come to a political game with the chicken or the debt ceiling. >> correct. >> see you soon. >> got breaking news right now. stunning news coming into the cnbc newsroom. what is it? >> for the third time since 1965, baseball writers of america did not elect a single person into the baseball hall of fame. this a big deal because a lot of players associated with the steroid jer gentleman were up. i want to give people percentages here. barry bonds received 36.2% to get in. roger clemens, mark mcguire 16 ppt 9 and sammy sosa 12.5%. shock numbers there. the closest to get in is craig bijo. 68% plus. in terms of the order. so none of those players talking clemens, and barry bonds and sammy sosa even in the top six. back to you. >> tainted era. >> yes it is. >> thank you very much. before we go to break, check out thing that makes you go hhmmmm. a new survey sh
they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they are tougher to negotiate the next time around. >> they always said it would come to a political game with the chicken or the debt ceiling. >> correct. >> see you soon. >> got breaking news right now. stunning news coming into the cnbc newsroom. what is it? >> for the third time since 1965, baseball writers of...
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lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomination is, surprise, creating consternation among who else, congressional republicans. after calling chuck hagen an in-your-face nomination outside of the mainstream, the pugnacious gop has already made known its displeasure with jack lew, calling his nomination controversial, a mistake, and worst of all, irritating. according to senator mike johanns of nebraska, i just think there are economic policies in this administration that haven't been well received and jack lew is in the middle of that. you heard that correctly, america, president obama intends to name a treasury secretary who agrees with his
lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomination is, surprise, creating consternation...
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we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know what goes on at the world's financial capitol. this is about guys who used to look after the currency and about guys who are going to have to deal with republicans over the debt ceiling and acc
we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury...
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we can give the president a month of debt ceiling increase or six months or year. then you have the continuing resolutions. because the democrats have not passed the budget or written a budget in more than three years, we have a continued resolution. beyond your points are very good. thank you. neil: they say no deed goes unpunished. did you hear about aig? it just keeps on suing. hey, travis... get some friends, loser! so, are you all right, man? ♪ lean on me, thanks. ♪ when you're not strong, and i'll be your friend. ♪ ♪ i'll help you carry on... ♪ úúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúú carry on... ♪ ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. neil: after saying thank you, how about saying ssrew you? that is what aig is doing. the company appears to be going for blood. they say it's not personal, it's just business. >> it is actually
we can give the president a month of debt ceiling increase or six months or year. then you have the continuing resolutions. because the democrats have not passed the budget or written a budget in more than three years, we have a continued resolution. beyond your points are very good. thank you. neil: they say no deed goes unpunished. did you hear about aig? it just keeps on suing. hey, travis... get some friends, loser! so, are you all right, man? ♪ lean on me, thanks. ♪ when you're not...
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if confirmed he will have to jump into the debt ceiling debate. that will be trial by fire, isn't it? rich edson is live at the white house. >> this is the reason why he is selected. he has really been a budget person here in washington for the past 30 years. he was budget chief under the clinton white house and obama white house. he has been in all the particular budget fights especially next to president obama with the debt ceiling year-and-a-half ago in most recent recent round. according to folks early in the week telling us at fox we would get announcement by the end of this week that jack lew would likely be the next treasury secretary pick from president obama. we don't have much week left. on friday the president of afghanistan, hamid karzai is expected to be here at the white house. that has us all looking at tomorrow as the official date for this. the reasoning behind that, yes, he has been in on all of the budget fights. he spent all of last few years really of his career in washington, d.c. in the federal government. he spent a few yea
if confirmed he will have to jump into the debt ceiling debate. that will be trial by fire, isn't it? rich edson is live at the white house. >> this is the reason why he is selected. he has really been a budget person here in washington for the past 30 years. he was budget chief under the clinton white house and obama white house. he has been in all the particular budget fights especially next to president obama with the debt ceiling year-and-a-half ago in most recent recent round....
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we can give the president a month of debt ceiling increase or six months or year. then you have the continuing resolutions. because the democrats have not passed the budget or written a budget in more than three years, we have a continued resolution. beyond your points are very good. thank you. neil: they say no deed goes unpunished. did you hear about aig? it just keeps on suing. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bron
we can give the president a month of debt ceiling increase or six months or year. then you have the continuing resolutions. because the democrats have not passed the budget or written a budget in more than three years, we have a continued resolution. beyond your points are very good. thank you. neil: they say no deed goes unpunished. did you hear about aig? it just keeps on suing. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello?...
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hitting debt ceiling doesn't do it. >> we have go different issues. one is the debt ceiling. the second is the sequester. doug is right, debt ceiling expiring doesn't automatically cut spending but the sequester does. cuts across the board manner, social security, medicare and medicaid are exempted. deep cuts into the military and discretionary spending will go into effect. those things will happen simultaneously and force people back into the bargaining table to come up with at least a temporary patch. melissa: solving the problem in the long run is the real problem we have. governor, how do we deal with that? this is fundamental disagreement between two groups of people one side believes the government should get larger and have a bigger role and needs more revenue to do that the other side thinks we need to shrink government. those are so diametrically opposed points of view. i don't know how even though we're at this crisis point how do you resolve that fundamentally different point of view? >> well, look that different point of view has been going on since, you know, ham
hitting debt ceiling doesn't do it. >> we have go different issues. one is the debt ceiling. the second is the sequester. doug is right, debt ceiling expiring doesn't automatically cut spending but the sequester does. cuts across the board manner, social security, medicare and medicaid are exempted. deep cuts into the military and discretionary spending will go into effect. those things will happen simultaneously and force people back into the bargaining table to come up with at least a...
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let's move on to a our debt and our nation's crisis with the debt ceiling. we default on february 15th. happy valentine's day. doug come -- doug, do you think we will avoid this or have big problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt under control, no one would even mention the debt ceiling. the key will be to focus on the real problem, which is the debt. acknowledge solution for anyone not living in budgetary fantasyland. make some progress on that. gerri: at think it's budget fantasyland for us. well, the senate has not backed the budget in 1,351 days, gretchen. come on. we are going to -- our debt is going to get downgraded by standard and poor's and moody's and everyone else, and we will have a sell-off of 2,000 points in the stock market, right? >> you're right. on top of not having a budget, we have al
let's move on to a our debt and our nation's crisis with the debt ceiling. we default on february 15th. happy valentine's day. doug come -- doug, do you think we will avoid this or have big problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt...
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we are talking about the debt ceiling and taking your calls, 1866-55-press. we have a caller on the line all the way from where i was born. welcome to the bill press show. >> eric coburn played nice with these men. he should have been playing mean with these people. >> that's the problem. guns ain't the problem. greed is the problem. greed is the problem in america and until that ends we are going downhill, baby. >> thank you so much joey. i think you are right. greed is indeed the problem. >> it's true. it's totally true. >> greed is the problem here. it has nothing to do with -- it has nothing to do with this whole idea. i hate the argument when republicans say, free market privatization, capitalism solves our problems. the private sector cannot solve all of our problems. to that extent some of the private sector is not that private because the united states did not intervene, aig would not. i think the current tree would have been in a different place by far a worse place. >> i don't know what they are thinking exactly. i don't know what they are trying to
we are talking about the debt ceiling and taking your calls, 1866-55-press. we have a caller on the line all the way from where i was born. welcome to the bill press show. >> eric coburn played nice with these men. he should have been playing mean with these people. >> that's the problem. guns ain't the problem. greed is the problem. greed is the problem in america and until that ends we are going downhill, baby. >> thank you so much joey. i think you are right. greed is...
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president obama has said he will not negotiate with republicans over raising the debt ceiling. and yet they say that he's going to have to and they're going to make commands on him if he wants to raise it. are liberals going to say that obama is caving way too soon? >> he's already caved. already by allowing this to go to another day, that was a cave-in. we've heard him say how many times he won't negotiate with republicans. i love this idea. and i think you know, people are saying it is crazy but the other side what they're going to do is very, very crazy. but the president doesn't like to do things like this. and i can't see him actually doing it. >> john: going big? >> i can't see it happening. >> john: let's move on to another fight the president is about to face, the nomination of chuck hagel former republican senator from nebraska, for secretary of defense. rick, what makes chuck hagel harder to get confirmed? his anti-gay comments from 15 years ago his reference to the jewish lobby or the fact that obama likes him for the gig? >> probably the last. because this is all ab
president obama has said he will not negotiate with republicans over raising the debt ceiling. and yet they say that he's going to have to and they're going to make commands on him if he wants to raise it. are liberals going to say that obama is caving way too soon? >> he's already caved. already by allowing this to go to another day, that was a cave-in. we've heard him say how many times he won't negotiate with republicans. i love this idea. and i think you know, people are saying it is...
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ceiling is absolutely vital that we do not hold the debt ceiling hostage. in fact, a top republican said you cannot hold the debt ceiling hostage. cheryl: it will happen. as you are well aware, this debate is coming on the debt ceiling, you will be very involved in that, what do you think you can do to advance the debt ceiling debate in the right direction of the country? >> any discussion about the debt ceiling must include a spending cut, serious discussion and movement and action about spending cuts and reforms that will reduce our debt. the american public is tired about us kicking the can down the road, tired of the do-nothing congress. the senate hasn't passed a budget in over four years. we learne learn for the fifth yr running we have a deficit now for the fifth year in a row of over a trillion dollars. that is unsustainable, immoral, wrong for the future of our children and as a mother of three and protector of american's future we are going to attack this crisis and make sure we get to the bottom of all of i that as we move forward. cheryl: i say
ceiling is absolutely vital that we do not hold the debt ceiling hostage. in fact, a top republican said you cannot hold the debt ceiling hostage. cheryl: it will happen. as you are well aware, this debate is coming on the debt ceiling, you will be very involved in that, what do you think you can do to advance the debt ceiling debate in the right direction of the country? >> any discussion about the debt ceiling must include a spending cut, serious discussion and movement and action about...
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. >> he's reinvestments right now to stave off default of the debt ceiling. >> greta: today has there been any discussions that you know of between the white house and capitol hill what to do about the debt ceiling or sequestration by the principals? >> not that i know of. right now we're seeing posturing that happens, republicans are saying that there has to be an equal number of spending cuts for every dollar the debt ceiling is raised and the white house making it clear their position, they're quote not going to negotiate on the death ceiling or held hostage. we're kind of at a stand still. >> greta: and i know you're reporter and comment, the idea that we're going to go broke in weeks, and no more money under stones and downgraded, and not able to meet our obligation, internationally and fact that the principals aren't talking and posturing is appalling. and any plans to, timothy geithner is going to be leaving before this is resolved as secretary? >> looks that way, looks like very soon to be an announcement, jack lew chief of staff to president obama will be replacing timothy ge
. >> he's reinvestments right now to stave off default of the debt ceiling. >> greta: today has there been any discussions that you know of between the white house and capitol hill what to do about the debt ceiling or sequestration by the principals? >> not that i know of. right now we're seeing posturing that happens, republicans are saying that there has to be an equal number of spending cuts for every dollar the debt ceiling is raised and the white house making it clear...
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ceiling. this is where jack lew's experience and knowledge can come in and i would expect, sue, and tyler, that he would be confirmed pretty easily. even though he has tough questioning at confirmation. >> let's bring in steve liesman. he is low drama, low confrontation. he doesn't have wall street regulatory. who is lew? >> i think the first theng i will do is begin the series of puns beginning with jack lew's name. let me say more about jack lew, we call this one, you don't know jack. >> of course you do. >> this is a financial education. beginning with harvard and georgetown. but that never disqualified anybody. tip o'neill 93 and '94, special to president clinton. and that's what john harwood was talking about. incredible expertise with the budget. moving on in 2006, new york university as executive advice president. then a stint at citigroup. first at global wealth management and next in a controversy by the way that comes up with a large bonus he got while citigroup was getting tart mone
ceiling. this is where jack lew's experience and knowledge can come in and i would expect, sue, and tyler, that he would be confirmed pretty easily. even though he has tough questioning at confirmation. >> let's bring in steve liesman. he is low drama, low confrontation. he doesn't have wall street regulatory. who is lew? >> i think the first theng i will do is begin the series of puns beginning with jack lew's name. let me say more about jack lew, we call this one, you don't know...
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but first, let's start with the debt ceiling. howard, don't republicans know this is a big potential loser not only for the country, but for republicans politically, or am i viewing this wrong? >> excuse me, ed. i think some republicans know it in their head. i think most republicans in the house don't know it in their hearts. they're here to lecture and to disrupt and not to legislate. they don't understand often, the ones i talked to don't really get the idea that the american public views the congress as an utterly dysfunctional institution that is standing in the way of leading the country and bringing about a true recovery from this long great recession. and most of the american people don't see political and legislative maneuvers like the ones that the tea party types want to carry forth like grover norquist want to carry forth as the kind of political disasters that they are. if the republicans pursue the strategy that grover norquist is talking about and that john boehner floated, they'll just drive the republican numbers
but first, let's start with the debt ceiling. howard, don't republicans know this is a big potential loser not only for the country, but for republicans politically, or am i viewing this wrong? >> excuse me, ed. i think some republicans know it in their head. i think most republicans in the house don't know it in their hearts. they're here to lecture and to disrupt and not to legislate. they don't understand often, the ones i talked to don't really get the idea that the american public...
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if we have a problem with the debt ceiling. china is straight up. what is klaus's view on china? he thinks the new regime came in and said, you know what, we've been way too tight, way too worried about inflation. let's put on the jets, infrastructure spend. what i think they're developing in china, and i candidly get this from klaas, it's a sewer situation. i know that sounds strange. but literally they've got to do infrastructure underneath the cities. there's trillions of dollars to spend. i like the call for what he says about china. it is bullish. >> as a theme, a year where a lot of investors i've talked to, it's somewhat themeless. so they're looking for things that they can build a portfolio. >> china, autos, trucks. talking about 11% growth, back to double digit growth in china, i listened to byron. i wanted to slit my throat because he's aggressive about the s&p. now back to china. >> byron on china said the reformers are actually going to make some traction this year, and shares up 20%. >> that is all good news. so instead of being emergency trach yo tracheotomy with a
if we have a problem with the debt ceiling. china is straight up. what is klaus's view on china? he thinks the new regime came in and said, you know what, we've been way too tight, way too worried about inflation. let's put on the jets, infrastructure spend. what i think they're developing in china, and i candidly get this from klaas, it's a sewer situation. i know that sounds strange. but literally they've got to do infrastructure underneath the cities. there's trillions of dollars to spend. i...
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the fact, for example, in terms of the debt ceiling, he's just simply rule ought certain ways to be able to deal with it. or again in the campaign, you promise 2 $1/2 of cuts for every increase. so what's occurring here, both sides have emerged out of an election. the president i would argue, not surprisingly, has been particularly rigid here as well. and what they both have to do is pig out how do they actually get to the table and negotiate. having that said that one other thing given the last round of negotiations i know the speaker was not particularly happy and going in and negotiating with the president doesn't product results. >> gentlemen, thank you. there's another issue, and that's one we're talking about a lot today that congress has been slow to act on in the past. but momentum and support are building, it seems, for tougher gun laws in the wake of last month's newtown, connecticut, school tragedy. richard lui has been looking at how the u.s. stacks up against other countries when it up cans to gun ownership and violence. what did you find out? the united states has unsavory
the fact, for example, in terms of the debt ceiling, he's just simply rule ought certain ways to be able to deal with it. or again in the campaign, you promise 2 $1/2 of cuts for every increase. so what's occurring here, both sides have emerged out of an election. the president i would argue, not surprisingly, has been particularly rigid here as well. and what they both have to do is pig out how do they actually get to the table and negotiate. having that said that one other thing given the...
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debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase, the tax part of his balanced approach, when he came out and said, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money that has been committed by congress. it's been committed by the very people who will fight over whether we should pay the bills. you go ahead, say congress committed this money. february 15th, interesting on the debt. 9 billion coming in $52 billion has to be paid. >> $2.5 trillion revenue coming into an annual basis, which equals wh
debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase,...
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the debt ceiling or abyss? our -- >> both. >> our long-term problems or the debt ceiling? both? >> both. absolutely both. you know, it's maybe early -- >> everybody's got the leave off the zeros, it's compelling. making $22,000. we're spending 38, adding $16,000 to our credit card every year. >> and you owe -- >> we already owe $150 -- $162,000. that does -- that hits home. can you imagine a household trying to operate like that? >> people write back that the analogy is flawed because the household, as a household you're earning currency -- it shows how much we've overspent. >> we cut -- and we raised $38 or something. >> it's too small, right? at $600 billion over ten years, it's not even a drop in the bucket. and i think we get to the debt ceiling debacle perhaps, you know, we've already heard the bid offer starting. we've heard the democrats say, look, we want more revenues. have we fixed the tax issue? i don't think the markets completely appreciating that part of the debate. $600 billion, i think obama wanted $1.6 trillion. i think boehner got us to 800. that was the bid of
the debt ceiling or abyss? our -- >> both. >> our long-term problems or the debt ceiling? both? >> both. absolutely both. you know, it's maybe early -- >> everybody's got the leave off the zeros, it's compelling. making $22,000. we're spending 38, adding $16,000 to our credit card every year. >> and you owe -- >> we already owe $150 -- $162,000. that does -- that hits home. can you imagine a household trying to operate like that? >> people write back...
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ceiling will be a bigger drive for stocks. that is important to note. adam: what about gold? it has been surprising given a lot of people think all of its funding from the federa federale and the other central banks should be running from gold, why aren't they? >> there are a couple of issues in gold right now. we haven't been able to hold below the 1650 level for any amount of time at all. again, looks like we will see 1700 range. we have japan stepping in. also china coming in picking up. one thing that we're looking at, and it will put a tax on gold and also help in the gold price run urun-up little more, south a with the employees and there is a lot of talk of shutting some of these down completely for now. a new group of employees in at a cheaper rate taking time. adam: i wanted to see how this would play the platinum coin and how you would play that. save that for another day. liz claman coming up with tim tebow in just a little bit, we'll head back to las vegas after this commercial break. >> announcer: you never know w
ceiling will be a bigger drive for stocks. that is important to note. adam: what about gold? it has been surprising given a lot of people think all of its funding from the federa federale and the other central banks should be running from gold, why aren't they? >> there are a couple of issues in gold right now. we haven't been able to hold below the 1650 level for any amount of time at all. again, looks like we will see 1700 range. we have japan stepping in. also china coming in picking...
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nathan, you've got the debt ceiling debate on the horizon, even if we get another credit downgrade. you don't think that's a big risk either. >> look what happened when we had the last credit downgrade, maria, did just fabulous. bonds you'll get the coupon. look for a 9%, 10%, 11% return or you'll be very disappointed. i agree with rick, and i think what we'll get mostly is the coupon off the bonds. i still like large cap. i'm about 65% in large caps here in the united states. the rest of it is in large caps, in europe and over in asia, and i think that's particularly emerging market debt and emerging market stocks. i like those. we've also increased our stock position by about 5 p. my guess is that this congress is going to give us a few more opportunities, maria, to be buying as a dip before we get to the second half of the year, and when i find myself agreeing with merrill lynch as an independent adviser, i don't know, but i like what kate moore had to say. >> what you're saying basically is you've got to be in the market but look for the right places because we'll see selloffs a
nathan, you've got the debt ceiling debate on the horizon, even if we get another credit downgrade. you don't think that's a big risk either. >> look what happened when we had the last credit downgrade, maria, did just fabulous. bonds you'll get the coupon. look for a 9%, 10%, 11% return or you'll be very disappointed. i agree with rick, and i think what we'll get mostly is the coupon off the bonds. i still like large cap. i'm about 65% in large caps here in the united states. the rest of...
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we talk about fights over the debt ceiling. but let's be frank. this is going to take some courage from him, isn't it? >> it really is. this is about a mortality clip. not a clip you slip into your gun, but the kind of pace at which we proceed in this nation believing that we are somehow immortal or we are beyond the call of our own common humanity to the cries of children muffled with gunfire that is so rapid and automatic that it leaves in its trail an enormous and hey nous carnage. the president has to say enough is enough. he must be our voice piece. the voice of the people speaks through his own voicebox right now. and he must articulate our outrage, our desire to see something done. and to exercise the leverage he has as president whether as julian said an executive order or ginning up the kind of protest against the outrageousness of the nra or galvanizing the sentiments of this nation to finally say look we have paid the ultimate price. we are talking about abortion, of mortgaging the future. what about the explicit denienl of life to mill
we talk about fights over the debt ceiling. but let's be frank. this is going to take some courage from him, isn't it? >> it really is. this is about a mortality clip. not a clip you slip into your gun, but the kind of pace at which we proceed in this nation believing that we are somehow immortal or we are beyond the call of our own common humanity to the cries of children muffled with gunfire that is so rapid and automatic that it leaves in its trail an enormous and hey nous carnage. the...
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of course, they're going to have to deal with the debt ceiling, the fiscal cliff and the all in the comes months. >> kristen, we look at the optics of this, the inner circle being all white men. what is the tone in washington especially since was the obama coalition that got obama in for a second term? >> well, look, the white house is kernel getting criticism over this issue, especially from women's advocacy groups who are saying there aren't enough women in the top positions at the white house. the white house playing defense on this issue. jed jay carney asked about this saying that diversity is an important issue for the president but he's also choosing especially in these top spots, the people he believes he will work best with, best for the job. there are also reports 0 out that 43% of the appointees here at the white house are in fact women. that's actually an increase if you look at the bush administration. although not as high as the clinton administration. but they are certainly coming under some criticism. for the way in which this cabinet is shaping up. >> nbc's kristen welker
of course, they're going to have to deal with the debt ceiling, the fiscal cliff and the all in the comes months. >> kristen, we look at the optics of this, the inner circle being all white men. what is the tone in washington especially since was the obama coalition that got obama in for a second term? >> well, look, the white house is kernel getting criticism over this issue, especially from women's advocacy groups who are saying there aren't enough women in the top positions at...
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they have not only those spending cuts that were delayed as part of the fiscal cliff, they have the debt ceiling to deal with and now these nominations of chuck hagel and john brennan over to the defense department and cia. so now, it is a question of how much time they have, but a lot of people will be watching, does harry reid make that time? >> some states are taking this one step further, proposing state laws that would make it criminal for a doctor like yourself to ask a patient. you could lose your medical license for asking, is that correct? >> yeah, it was even more than that in the original version of the bill down in florida, for example. and there are seven other states like this. the original version is that you could impose jail time for simply asking. so a physician asking a patient about guns could land them in jail, according to the original version. there was a scaled back version that was subsequently put forward, that you could still lose your medical license, you could get financial penalties. that was subsequently overturned by a federal judge, but it's being appeale
they have not only those spending cuts that were delayed as part of the fiscal cliff, they have the debt ceiling to deal with and now these nominations of chuck hagel and john brennan over to the defense department and cia. so now, it is a question of how much time they have, but a lot of people will be watching, does harry reid make that time? >> some states are taking this one step further, proposing state laws that would make it criminal for a doctor like yourself to ask a patient. you...
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>> stephanie: for the debt ceiling hostage crisis, whatever [ whatever! ] >> yeah, they keep making these artificial rubber sharks for us to be scared of on the universal ride they run us through. here's the next giant -- it has a thing that stops from actually biting you and then goes splash again. they're famous for that kind of stuff. the problem is everyone loves the universal ride. they want to go on it again. no, we don't need to do this ride anymore. a lot of fake stuff coming out of what we need to be worried about. i think a lot of people are waking up to it. >> don't have to worry about the fiscal ice tunnel that spins around. >> stephanie: i think they're going to cave. i think they're bluffing again. made you flinch thing. >> i'm so used to it now i just do this. >> stephanie: josef in buffalo, you're on with rick overton. >> caller: stephanie. hi. i'm a gay born again christian. god bless all of you at current tv. >> stephanie: thank you. >> caller: remember the big tobacco lobby? >> stephanie: yes. >> caller: the big tobacco lobby fell. the
>> stephanie: for the debt ceiling hostage crisis, whatever [ whatever! ] >> yeah, they keep making these artificial rubber sharks for us to be scared of on the universal ride they run us through. here's the next giant -- it has a thing that stops from actually biting you and then goes splash again. they're famous for that kind of stuff. the problem is everyone loves the universal ride. they want to go on it again. no, we don't need to do this ride anymore. a lot of fake stuff...
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as everybody's been talking about, the debt ceiling crisis is going to be the next big hurdle that we overcome. if that passes without much problems, i do think that thesis could be real. if we get into a situation where we have massive stand ooff and that creates a stall in the u.s. economy, that could go out the window. >> we have been here before with this -- >> we have been here before. i'm looking at the analysis and feel like i'm in january 5, 2012. so many smart people said the dollar is going to go up. the yen is going -- the yields are going to go up, stocks are going up because of the cyclical advantage driven by the u.s. that didn't happen. i think this trifecta could actually happen. but for a brief period of time in the second half. it will happen. whenever you see some hawkish minutes from the fomc, several members with -- in english, one or two, don't want to extend the asset purchase until the end of the year. that might be a good boost for the dollar. it might be good for yields. but in the currency market, there is something called the dollar. the dollar does not mov
as everybody's been talking about, the debt ceiling crisis is going to be the next big hurdle that we overcome. if that passes without much problems, i do think that thesis could be real. if we get into a situation where we have massive stand ooff and that creates a stall in the u.s. economy, that could go out the window. >> we have been here before with this -- >> we have been here before. i'm looking at the analysis and feel like i'm in january 5, 2012. so many smart people said...
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he was a key player during the 2011 debt ceiling talks that almost shut down the government. going to have his work cut out for him. democrats and republicans on capitol hill gear up for that battle over extending the debt ceiling with the global embarrassment that serves as economic policy debate in washington these days. i have a hunch tim gheit neeith won't miss taking part in another one of those showdowns. >>> aig made the right decision, the decision not to join a crabby shareholder lawsuit against the u.s. government. probably heard by now about the lawsuit, led by former aig ceo maurice hank greenberg. it claims the terms of the $182 billion government bailout which saved the company possibly planet earth as well from financial meltdown were too harsh. the lawsuit was looking for $25 billion. pretty outrageous. but the board did have a responsibility to take a look at the lawsuit and decide whether or not to join it. the company's board met today and made the right decision. the case will go forward, however. aig won't be a party to it. the government has divested its
he was a key player during the 2011 debt ceiling talks that almost shut down the government. going to have his work cut out for him. democrats and republicans on capitol hill gear up for that battle over extending the debt ceiling with the global embarrassment that serves as economic policy debate in washington these days. i have a hunch tim gheit neeith won't miss taking part in another one of those showdowns. >>> aig made the right decision, the decision not to join a crabby...
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you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this debate? >> i don't offer my advice to the president in that way. what i've dealt with the president on is hurricane sandy and that's what the nature of our relationship is. he is not calling me matt at 11:00 at night and saying, hey, chris, what are you thinking about this? that's not how the relationship works. the fact is, i'll continue to speak out publicly about the things that i think are important, and anybody in washington, d.c. who wants to come to new jersey and see om of the stuff we're doing, how i'm working with the democratic legislature to try to bring compromise and
you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this...
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wasn't part of the impending negotiations now with the debt ceiling, wasn't it dependent on the fact that the senate would have to pass a budget? i think they were trying to put the onus on them. it's a good idea. >> brian: do you know they have a committee system where the president is supposed to submit it to the budget committee, that they look at it and then put it to the jensenly. we don't even do that. >> steve: john boehner made it clear he's going back to the way they did it for years and years and that is out in the open, house will do its business, send it to the senate and then they'll figure it out with the president. >> gretchen: let's do some headlines for you now because the widow of the million dollars lottery winner says she has no idea who poisoned her husband with cyanide. she says he had no enemies. earlier on "fox & friends," forensic pathologist said exhuming his body could be a mistake. >> the purpose is not to find out the cause of death. what it may be is determine how it was given. is there cyanide in the stomach, which would indicate it came in food? but no
wasn't part of the impending negotiations now with the debt ceiling, wasn't it dependent on the fact that the senate would have to pass a budget? i think they were trying to put the onus on them. it's a good idea. >> brian: do you know they have a committee system where the president is supposed to submit it to the budget committee, that they look at it and then put it to the jensenly. we don't even do that. >> steve: john boehner made it clear he's going back to the way they did it...
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. >>> coming up next from the upcoming debt ceiling fight to the rancor over chuck hagel's nomination for defense secretary, the political battles that are dominating the start of the president's second term. "hardball's" chris matthews joins the conversation. >>> also ahead, she's mad as he lrk l and not going to take it anymore. actress laura dern takes us inside season two of her hbo hit series "enlightened" which she won a golden globe for last year. >> first -- >> he's never won a golden globe. >> has he won anything? has he even won our respect? >> no. >> yes. he won our respect a long time ago. >> really? they think he's a sweet boy, right? >> we trust him. >> he's the cronkite of weather. >> he is. it's so funny you say that. you know who else said that? nobody. bill? >> thank you, guys. that was one for the reel that i will save for a long time. love you, too. good morning, everyone. the rain and thunderstorms continues up through texas. the warm air dominates the weather map. we'll be dealing with travel issues. if you're leaving the house in dallas flooded roadways in and a
. >>> coming up next from the upcoming debt ceiling fight to the rancor over chuck hagel's nomination for defense secretary, the political battles that are dominating the start of the president's second term. "hardball's" chris matthews joins the conversation. >>> also ahead, she's mad as he lrk l and not going to take it anymore. actress laura dern takes us inside season two of her hbo hit series "enlightened" which she won a golden globe for last year....
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ceiling by minting a trillion dollar coin and depositing it into the treasury. it does seem wacky by many people, but some are taking it seriously, including republicans who have introduced legislation to prevent this from happening. but i would like to bring perspective to the 1 trillion-dollar debate. there was a similar idea tried a few years ago on the simpsons. it didn't go well. take a look. >> the one-time printing of the largest denomination currency ever, 1 trillion-dollar bill. >> may i see? >> see with your eyes, not with your hand. >> please, we're amigos here. >> mr. burns i think we can trust the president of cuba. >> now give it back. >> give what back. >> oh. >> jennifer: if we do mint the 1 trillion-dollar county let's make sure that our cartoon billionaires do not lose it. we'll be right alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the
ceiling by minting a trillion dollar coin and depositing it into the treasury. it does seem wacky by many people, but some are taking it seriously, including republicans who have introduced legislation to prevent this from happening. but i would like to bring perspective to the 1 trillion-dollar debate. there was a similar idea tried a few years ago on the simpsons. it didn't go well. take a look. >> the one-time printing of the largest denomination currency ever, 1 trillion-dollar bill....